They've got the money and the chips. Now they need the power. Nvidia announced Monday that it plans to invest $100 billion in OpenAI in a deal that would give the ChatGPT maker a major leg up in the AI race — access to 10 gigawatts worth of the high-powered GPUs it needs to satisfy its mushrooming growth strategy.What the deal can't guarantee — and what neither company mentioned — is how OpenAI will access the enormous amount of electricity needed to fire up those chips. "It is a huge hurdle to get access ...

Nexstar Media Group, one of the nation's largest local TV station owners, said it will continue to preempt "Jimmy Kimmel Live!" ahead of the show's return. "We made a decision last week to preempt 'Jimmy Kimmel Live!' following what ABC referred to as Mr. Kimmel's 'ill-timed and insensitive' comments at a critical time in our national discourse," Nexstar said in a statement Tuesday. "We stand by that decision pending assurance that all parties are committed to fostering an environment of respectful, constr ...

Spirit Airlines said it will furlough about one-third of its flight attendants as the budget carrier struggles to survive its second bankruptcy in less than a year. About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1."As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this ...

Federal Communications Commission Chair Brendan Carr has defended the ABC affiliate that won't show "Jimmy Kimmel Live!" despite the broadcaster reinstating the late-night star. In an X post on Tuesday, Carr said it was "a good thing" that "any local TV stations have pushed back on a national programmer like Disney," which is ABC's owner."After all, local TV stations—not the national programmers—have public interest obligations, and they should be making decisions that in their view meets the needs of thei ...

Sinclair, which owns ABC affiliate stations, said it will not air Jimmy Kimmel's show after Disney announced on Monday that it would return Tuesday night. "Beginning Tuesday night, Sinclair will be preempting 'Jimmy Kimmel Live!' across our ABC affiliate stations and replacing it with news programming. Discussions with ABC are ongoing as we evaluate the show's potential return," the company said in a statement posted to X Monday.This story is breaking. Check back for updates. ...

Nvidia just announced plans to invest up to $100 billion in OpenAI to help build AI data centers. The deal between the two companies will create 10 gigawatts of AI data centers using Nvidia's chips (which OpenAI needs for the computer to power its AI). This deal sounds pretty sweet to Wall Street — Nvidia's stock jumped 4% after it was announced. But it's also a lot of money — and gigawatts. For comparison, the 10 gigawatts Nvidia plans to invest are as much as it expects to ship all year.But it's also jus ...

After ABC's decision last week to pull Jimmy Kimmel off the air "indefinitely," he's coming back. On Monday, Disney, which owns ABC, said the "Jimmy Kimmel Live!" host would return and the show would resume on Tuesday."Last Wednesday, we made the decision to suspend production on the show to avoid further inflaming a tense situation at an emotional moment for our country. It is a decision we made because we felt some of the comments were ill-timed and thus insensitive," the Walt Disney Company said in a st ...

The move: Nvidia stock jumped as much as 5% on Monday. The move adds to the gains for the AI stalwart in 2025, with the stock up 36% year-to-date. The jump on Monday helped spark a broader rise in major indexes. After starting the session in the red, the tech-heavy Nasdaq Composite was up almost 1% after news of the deal, while the S&P 500 jumped 0.5% to hit a fresh record high. The chart: Why: Nvidia announced a new partnership with OpenAI, which will build new gigascale AI facilities using the chip mak ...

Oracle has appointed two new co-CEOs, as part of a succession plan put into motion months ago. Business Insider reported in June that Oracle had promoted cloud boss Clay Magouyrk and head of industries Mike Sicilia to the title of "president" as part of a succession plan, citing SEC filings and people familiar with the plans.Safra Catz, CEO since 2014, will become executive vice chair of the company's board of directors, the company announced. Larry Ellison, cofounder and former CEO, will continue as chie ...

Nvidia and OpenAI are becoming strategic partners, and the chipmaker says it will invest up to $100 billion into the AI company. The two tech titans announced a deal on Monday that will see OpenAI build out "at least 10 gigawatts" of AI data centers running Nvidia systems."Nvidia and OpenAI have pushed each other for a decade, from the first DGX supercomputer to the breakthrough of ChatGPT," Nvidia CEO Jensen Huang said in a release. "This investment and infrastructure partnership mark the next leap forwar ...